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A part of the trade could be moving from the stock market

According to Reports, the EU will extend the Commission for recognition of the Swiss stock exchange rules, to a year and a half. You are relieved, Mr. Dijsselhof?
no, because the rumors are just rumors, I can't comment on it. There is still no official communication from the EU Commission.

What decision are you expecting?
Since the Federal Council has not initialled the framework agreement, I expect that the recognition will not be renewed. We will see it.

you Can not complain against the EU? Either the Swiss rules are EU compliant or not, is primarily a legal question.
We are SIX can't complain. Switzerland could call the world trade organization (WTO). As far as I know, this was tested and rejected. I myself think such a claim before the WTO is also not a good idea, because such a process would take years and not help.

is solved until the political dispute, can also take years?
no later than Christmas we are what we are. For most retailers, the implementation of Plan B, which act in a Swiss title, only about SIX, not a Problem. Because you are already acting on us and European trading platforms.

more business beckons you, then?
At the beginning of the will be. At present, around 30 percent of the trade running with the largest Swiss titles on the European trading platforms. In the longer term, but it could be that a part of the trade in the off-migrates-the-counter or on Bank platforms.

How does it feel when your own company is a pledge of a political dispute?
When the stock market appreciation would have already been at the end of last year withdrawn, we would have, and Switzerland has large problems to get. I am therefore glad that the Federal Council has found with its protective measures a good answer. Other companies that depend of how we of unilateral Commitments, I can only give the advice, always with a variety of scenarios.

we are Talking about the future plans of the SIX. What is behind the project of a digital stock ?
We want to digitize the values of shares and using the Blockchain technology act. The advantage is that in contrast to today's trade, the transfer of Ownership is done within seconds and not days. Other investments such as real estate or art, decide to convert, theoretically, with digital assets and would therefore tradable.

Would have to be adapted to the stock market regulation?
This is, in fact, the core challenge of the project. The owner of a digital Form of Novartis shares has the same rights as the owner of a physical stock? Such questions need to be clarified.

The banks want to see new services of the SIX. What are you working on?
We have 25 projects in the Pipeline. The pilot test for an IT security centre is currently running with a Bank. Other institutions are interested in. We are also working for all the banks the identity of new customers check.

What's coming?
We examine, for example, a private credit Rating for corporate bonds. We want to be able to make bonds with an automated process a rating. First, in the case of Swiss bonds, if this is well received, we will evaluate also other securities.

you want to attack Standard and Poor’s and Moody’s?
We want to complement rather and the Ratings there where there are none. Pay the customer the Ratings, the banks, investors or issuers.

What are the banks?
We are a Swiss Cloud storage solution, so an IT infrastructure in Switzerland, owned by a local company. At the Moment, it is about a Swiss Cloud storage offer.

(editing Tamedia)

Created: 11.12.2018, 22:04 PM

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